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Dec 6, 2012
12/12
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. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. it is unclear how many jobs will be lost here in the united states. >>> i already calculated your rain total for the day. next, the conditions you can expect tomorrow that will impact your morning commute. >> california lawmakers buying state cars. the new report that reveals how that move actually costs taxpayers thousands of dollars.
. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at...
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Dec 14, 2012
12/12
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in today's first look: waiting on washington: president obama and speaker of the house john boehner met last night for yet another round of budget talks. ahead of the meeting, stocks and commodities all sold off as wall street assumed talks on averting the fiscal cliff had broken down. it's official: well-known consumer watcher elizabeth warren will serve on the senate banking committee. and it's up and up for adobe. shares of adobe traded higher after hours by 4% after the company reported earings that topped expectations. there's the sound of the bell. mark sebastian of option pit mentoring and consulting joins us on this friday. good to see you on the show today. > > good morning. > what will the friday trade look like? > > you know, i've been watching a couple of things: gold got obliterated yesterday, i think on technical selling. it's interesting, if you look at this last quarter, everything that people made money on in the first nine months of the year - first three quarters - is getting absolutely torched: gold, apple, commodities. why? i think there is some profit- taking for t
in today's first look: waiting on washington: president obama and speaker of the house john boehner met last night for yet another round of budget talks. ahead of the meeting, stocks and commodities all sold off as wall street assumed talks on averting the fiscal cliff had broken down. it's official: well-known consumer watcher elizabeth warren will serve on the senate banking committee. and it's up and up for adobe. shares of adobe traded higher after hours by 4% after the company reported...
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Dec 6, 2012
12/12
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. >>> and house speaker john boehner discussed fiscal strategies with president barack obama in a phone call. this comes as another republican is ready to break ranges. he said he could support president barack obama's demand for an increase in tax rates as part of a comprehend sufficient plan -- comprehensive plan to cut the federal deficit. some are looking for ways to save faces a they give in. >>> and maintenance costs, used by state lawmakers, at least a douse member of the legislature had repairs on those vehicles and repairs were made before lawmakers used them for their personal use. in any case the costs were thousands of dollars. >> only state in the country finally ended this program and they saw some abuse and they saw voters did not like the program and that it was a perk they could give up. >> starting this year, lawmakers are not issued any cars anymore instead they are. >> paid a moulin rate -- mileage rate for using their own vehicles. >>> now here is a look at items where they recently confiscated them from the burglary ring. investigators have arrested two brothers an
. >>> and house speaker john boehner discussed fiscal strategies with president barack obama in a phone call. this comes as another republican is ready to break ranges. he said he could support president barack obama's demand for an increase in tax rates as part of a comprehend sufficient plan -- comprehensive plan to cut the federal deficit. some are looking for ways to save faces a they give in. >>> and maintenance costs, used by state lawmakers, at least a douse member of...
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Nov 30, 2012
11/12
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optimism had been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuse
optimism had been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either...
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Dec 14, 2012
12/12
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. >>> president obama and house speaker john boehner met at the white house to talk about the end of year fiscal cliff. no progress to report. coming up at 5:15 the new strategy our washington, d.c. newsroom is hairing about that involve -- that is hearing about that involves sending the country over the fiscal cliff. >>> sal is back. he's ready to tell us about our friday morning. >> you know it actually is off to a very nice start. we were look at some of that road work. it's been picked up in many areas if that is very good news. also checking in with public transportation. so let's go outside and take a look at 80 westbound as you head out to the mccarthur maze. no major problems here and it looks good from vallejo all the way to berkeley and the bay bridge toll plaza and. and a lot of people want to know what the toll plaza looks like. san jose and the santa clara valley northbound 101 and 280 doing very well. northbound 17 traffic also looks very well. it is 5:07 let's go to steve. >>> sal. i just had my first tweet from cal hollow. >> really? >> well i love getting information
. >>> president obama and house speaker john boehner met at the white house to talk about the end of year fiscal cliff. no progress to report. coming up at 5:15 the new strategy our washington, d.c. newsroom is hairing about that involve -- that is hearing about that involves sending the country over the fiscal cliff. >>> sal is back. he's ready to tell us about our friday morning. >> you know it actually is off to a very nice start. we were look at some of that road...
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Dec 7, 2012
12/12
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john boehner only wants to negotiate with president obama. hes has asked that senate leaders and nancy pelosi be kept away from future talks. even those excluded those say clearing the negotiating room will improve the chance for success. >>> the closely-watch the unemployment report came out -- watched unemployment report came out. it was better than expected. they added 146,000 jobs in november. the unemployment rate fell. coming up -- how this affects the fiscal cliff negotiations. >>> the s.w.a.t. team surrounded an apartment late last night. we don't have any other details, but the s.w.a.t. activity ended around 2:00 a.m. no word if any arrests were made. >>> a labor dispute at oakland international airport could erupt into a full-blown strike during holiday traffic. union members picketed yesterday on behalf of nonunion members who they say have been mistreated. this coincides around one of the busiest times of the year at the airport. >> this is a busy time of year, a lot of passengers coming in and out of the airport, people will appr
john boehner only wants to negotiate with president obama. hes has asked that senate leaders and nancy pelosi be kept away from future talks. even those excluded those say clearing the negotiating room will improve the chance for success. >>> the closely-watch the unemployment report came out -- watched unemployment report came out. it was better than expected. they added 146,000 jobs in november. the unemployment rate fell. coming up -- how this affects the fiscal cliff negotiations....
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Dec 12, 2012
12/12
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just about 20 minutes ago, house speaker john boehner said he and president obama remain very far apart in the fiscal cliff negotiations. political reporter jamie dupree joins us via skype from washington, d.c. you said there's two words we are not likely to hear and we haven't heard in any of this fiscal cliff debate. >> reporter: yeah, balanced budget. in all of the talks we've heard about the fiscal cliff, we've heard about balance and new tax revenue. but we don't hear balanced a budget. i think -- balanced budget. i think this speaks to how bad the situation is in the federal government when both parties don'tage knowledge that. as for -- don't acknowledge that. as for what's going on, just downstairs from me, speaker boehner started throwing cold water on any report that the talks were moving ahead. yes, there have been an exchange of offers. he said the last couple of days, but he said his phone call last night was a frank discussion about just how far apart they are. with 19 days left until the deadline or nine days until the end of the world, if you are look at the mine cardina
just about 20 minutes ago, house speaker john boehner said he and president obama remain very far apart in the fiscal cliff negotiations. political reporter jamie dupree joins us via skype from washington, d.c. you said there's two words we are not likely to hear and we haven't heard in any of this fiscal cliff debate. >> reporter: yeah, balanced budget. in all of the talks we've heard about the fiscal cliff, we've heard about balance and new tax revenue. but we don't hear balanced a...
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Dec 6, 2012
12/12
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. >>> president obama and john boehner will talking on the phone about the fiscal cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in california over the next few years if those tax increases and massive spending cuts kick in at the end of this month. if there's no deal on those, the pentagon was initially told not to plan for the cuts. that's all changed. in the last 24 hours, the pentagon leaders say they are preparing to slice about 10% of the budget. if we go over the fiscal cliff experts predict one in five defense contracts in california could be -- would be lost. both parties say there's still time to reach a deal and avoid those major losses. >> nobody wants to get this done more than me. >> our goal is to make sure this gets resol
. >>> president obama and john boehner will talking on the phone about the fiscal cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in...
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Apr 29, 2012
04/12
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. >>> speaker of the house john bainer is accusing president obama -- boehner is accusing president obama of picking fake fights. he made the comments this morning in a new interview with c.n.n. >> the buffett rule and it went on for months. even the president admitted it was a gimmick. then the rose garden ceremony talk about manipulation in the oil markets without one sled of evidence. -- shred of evidence and he has an entire administration to go after speculation or manipulation in the oil markets. and then they picked this student loan fight, where there is no fight. and the point >> boehner went on to say the president is bigger than this. >>> now that romney is the presumptive republican nominee, his aid says he will tone down his rhetoric. his campaign stopped this weekend at a university in ohio highlights the new strategy. aids say he will shun the red meat conservative issues of abortion and immigration and romney is going to look to attract independent voters by focusing on the economy and on job growth. >>> well, everyone was fair game at last night's white house corresponden
. >>> speaker of the house john bainer is accusing president obama -- boehner is accusing president obama of picking fake fights. he made the comments this morning in a new interview with c.n.n. >> the buffett rule and it went on for months. even the president admitted it was a gimmick. then the rose garden ceremony talk about manipulation in the oil markets without one sled of evidence. -- shred of evidence and he has an entire administration to go after speculation or...
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Dec 28, 2012
12/12
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obama. it's the first time all five are meeting since november. economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago. >> the main sticking point is who should pay more in taxes. democrats want a hike on households making more than $400,000 a year and republican aids say their leaders might get on board with that offer. >>> meanwhile if they aren't able to avoid the fiscal cliff people here in alabama will be especially hard hit. that's because prop 30 will soon mean higher sales taxes and higher income taxes on the state's top earners, the fiscal cliff would add to t
obama. it's the first time all five are meeting since november. economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i...
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Nov 7, 2012
11/12
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house speak -- house speaker john boehner is already laying his battle lines. he sent as you statement saying the election was not a mandate for tax increases. he and harry reid both have new conferences scheduled for this afternoon. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> well, the new session of congress will have at least 19 female senators. the most ever in american history. >> all six who were up for re- election, including diane nine stein, won their -- dianne feinstein, won their races. >>> in san jose, it appears incumbent rose herrera has won re-election to the city council. she has a solid lead over jimmy nguyen 55% to 45%. >> in san francisco, it appears that -- she's trailing the executive director of the african-american art and culture complex. right now, breed has 2% of the vote. aloggi has 20%. >>> a big shake up in the oakland city council. long-time city councilmember ignacio della fa wayne -- de la fuente was redeet -- defeated, 46%, 36% before the rank-choice voting and the pred was -- and the spread was
house speak -- house speaker john boehner is already laying his battle lines. he sent as you statement saying the election was not a mandate for tax increases. he and harry reid both have new conferences scheduled for this afternoon. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> well, the new session of congress will have at least 19 female senators. the most ever in american history. >> all six who were up for re- election, including diane nine...
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Jul 8, 2012
07/12
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. >>> house speaker john boehner returned to his home state to campaign for mitt romney. he greeted voters at romney's campaign headquarters outside of cleveland in the battleground of the state of ohio. the latest poll shows president obama has a nine-point lead over romney in ohio. 40% of those surveyed support obama. 38% support romney. the presumptive republican candidate will be in the hamptons for -- long island for a $5000 per person lunch. tomorrow romney heads to colorado for a fundraiser at a home in aspen and going to visit dick cheney's home in jackson hole, wyoming on thursday. senator marco rubio will hold a fundraiser on friday. senator rubio was in north carolina yesterday signing copies of his book an american son at a bookstore. romney said his campaign is vetting senator rubio as a possible republican vice presidential candidate. >>> president obama will be focusing on iowa, the president speaking at a community college in cedar rapids on tuesday morning. the visit will mark his fourth trip to iowa this year. the hawk eye state is an important swing sta
. >>> house speaker john boehner returned to his home state to campaign for mitt romney. he greeted voters at romney's campaign headquarters outside of cleveland in the battleground of the state of ohio. the latest poll shows president obama has a nine-point lead over romney in ohio. 40% of those surveyed support obama. 38% support romney. the presumptive republican candidate will be in the hamptons for -- long island for a $5000 per person lunch. tomorrow romney heads to colorado for...